Times are changing. Two big things that have changed are the number of players signing up for these events and the skill levels of those players.
20 years ago it was a mostly US event. Jeremy Jones, Gabe Owen, and John Schmidt won the event between 2003-2005. Out of the final 64 players, 40-50 had US flags next to their name. Today it is the opposite, with the events only being won by 800+ players and only 4-5 US flags in the final 64, and 0-1 in the final 32. So the skill level to be live to cash has dramatically changed.
As for demand, the increase in participation is staggering. The event is filling up within the hour they open registration, leaving many of the worlds best shut out from the opportunity to compete.
Due to these changes it makes sense that Matchroom would have to change with the times. The divide between good amateurs and world class pros is growing greater, and the talent is deeper. I can understand how events like the US Open may no longer be the place for good amateurs to take a shot, and instead it can be reserved for the elite.
In turn, other tournaments such as Turning Stone, DCC, Texas Open, etc, will take on the role of those hybrid events that allow players of all levels to compete.
The world of pro pool has changed dramatically and permanently in the last 10 years and we cannot blame Matchroom for evolving with it. They have been a large part of the growth of the sport both for professionals and for audiences around the world, and I support whatever direction they need to go to sustain their success.